- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 3. Statistical Measures of Asset Returns
- Subject 1. Measures of Central Tendency
CFA Practice Question
What is the median of 26, 30, 24, 32, 32, 31, 27, and 29?
A. 29.5
B. 29
C. 30
Explanation: Ordering these numbers, we have 24,26,27,29,30,31,32,32. Since there is an even number of observations (8), the median is the average of the two middle observations (29 + 30)/2 = 29.5.
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